1 bedroom condo with awesome Mekong River views for sale | Chroy Changvar

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In up and coming Chroy Changvar this well presented 1 bedroom condo with lovely views of the city and Mekong River is now for sale and coming unfurnished offers the opportunity for a new buyer to make it their own!

Being positioned on the northern side of the 12th floor of the Mekong View Tower 2 condo it offers a comfortable retreat from the city whilst avoiding direct sunlight. River views will delight you as daylight flows into night.

Mekong River views condo features:

• Street and elevator access
• Air-conditioning
• Full kitchen
• 24-hour security
• Secure off street parking
• Pool and gym on site
• Convenience store and restaurant on ground floor
• Massage service on site
• Hard / strata title

Original ID: MVT.AA12

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Chroy Changvar : forgotten, outlying, expanding

According to World Bank’s 2017 report ‘Urban Development in Phnom Penh’, successful economies have high levels of urbanisation, such as Cambodia. 21% of its people are already living in urban areas. By 2050 this is expected to rise to 36%.

Cambodia’s rate of urbanisation is lower than expected for its GDP and it is expected to rise. Countries with similar GDP (Bangladesh and Kyrgyzstan) have urbanization rates closer to 35%. Phnom Penh has seen significant growth and now has 2 million residents. It is the largest and fastest growing city in the country, serving as a gateway to the global economy.

The need for robust urban planning to mitigate growing congestion is becoming more critical in this fast-changing city. So, it comes as no surprise that locations often overlooked when buying or renting are getting more attention. Areas like Kandal Province, Chroy Changvar, Chbar Ampov and Russey Keo are offering suitable living and working environments not far from the centre of town.

The Phnom Penh Special Economic Zone (PPSEZ) is an example of the phasing-in of a land-use plan to de-centralise the city’s commercial activities. This could be a stimulus for the city to extend westward. Similarly, infrastructure development in Chroy Changvar, Kandal Province, Chbar Ampov and Russey Keo will stretch the city limits in easterly, northerly and westerly directions.

Phnom Penh’s projected population growth, gentrification and foreseeably ongoing foreign investment offer virtually unparalleled opportunities. It is probably a good time to look before everyone sees.

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